August, 2003 | Vol. 2003 No. 08

...or Advanced Search

Favorite Articles

Training & Events

Advisory Services

Member Benefits | Contact Us | Active Surveys

Managing Accounts Payable

Managing Accounts Payable is the leading source of information for accounts payable professionals and those responsible for the function. Each monthly issue contains 5-7 articles, 6-10 short news clips, a manager's forum on the back page and calendar of upcoming seminars and conferences. The material comes from internal research, surveys, case studies, conference material and interviews.

Subscribers to the newsletter have the opportunity each year to participate in a benchmarking or operations survey. Participants receive the results for free. Topics covered in the newsletter include: invoice handling; check preparation, printing and filing; exception and Rush check processing; techniques for reducing duplicate payments; staff and career management; working with other departments, master vendor files; terms and discounts; T&E; VAT Reclaim, EDI; XML; technology; imaging p-cards; post audit firms; benchmarking; 1099s; check fraud; case studies; escheat or unclaimed property; and sales and use tax. Spot e-mail surveys are also conducted and reported on when issues such as the 9/11 tragedy occur.

The newsletter sponsors five accounts payable conferences each year. An annual buyers’ guide is included with a subscription.

August, 2003 Table of Contents [ toggle snippets ]

Accounts Payable Managers’ Forum (Aug. 2003)
Creating a paperless office in A/P

Problem: Like accounts payable departments everywhere, Systems and Electronics Inc. (SEI) was inundated with paper. As most reading this know only too well, paper leads to errors and process problems. Accounts payable manager Diane J. Gee recognized that to become more efficient, the paper would have to go. But, how could she achieve that
goal?

Close Snippet | Read Article
Real-Life Solutions to Delicate Cell Phone and Personal Call Issues
Phone charges are one of those thorny matters that cause problems from time to time in every company. Now the issue has expanded to include not only company phones used for personal calls but also charges for
calls made on cell phones. Since payments are involved with both, accounts payable gets drawn into the fray. The two issues were discussed on the IOMA accounts payable forum with accounts payable professionals sharing their strategies for resolving the charges fairly.

Close Snippet | Read Article
Expert Advice on Becoming a Player in the e-Invoicing Game
As the e-invoicing revolution continues to sweep corporate America, accounts payable managers need to develop a rational game plan to get their companies involved, and once in the game, ramp up their level of
activity. MAP spoke with several experts about the best way to accomplish these goals. Their comments not only were instrumental in developing a blueprint that all readers can use, but their advice should help readers keep their e-invoicing programs from running off track.

Close Snippet | Read Article
Savvy Pro Reveals How Companies Can Use The Sarbanes-Oxley Act to Tighten A/P Controls
In the aftermath of the financial accounting scandals, CEOs and CFOs must now certify the accuracy of their companies’ financial statements. They must also attest to the adequacy of the controls in place in their organizations. They do this under threat of fine and possible jail time if they knowingly attest to falsified documents. Few
high-level executives have such intimate knowledge of the detailed operations of their firms, so they must rely on the work of subordinates. While, at first blush, the certification requirements may seem to have no impact on accounts payable, anyone who is familiar with corporate America knows that many executives will not sign such
a document unless they have assurances from their staff. This is just one of the ways the Sarbanes-Oxley Act is affecting some accounts payable departments. This article takes a look at what’s going on in the accounts payable department of one public company.

Close Snippet | Read Article
Five Ways to Say Good-bye to the Traditional Three-Way Match . . . and All Its Inherent Inefficiencies
Anything that can be done to streamline the invoice-handling process without increasing the risks of fraud and duplicate payment is a big plus for most accounts payable departments. If the restructure also reduces the amount of paper in the department, that’s even better. The traditional three-way match is probably the biggest cause of both inefficient processing and the paper mountains that are common in some accounts payable departments. To help readers who are interested in re-engineering their workflow with an eye toward developing a paperless office, MAP has identified five practices that will do just that.

Close Snippet | Read Article
A/P Cash Management Best Practices To Increase Corporate Profitability
Over the last few weeks MAP has talked extensively with several accounts payable managers who now have responsibilities for areas not typically associated with the traditional bill-paying function. These A/P pros are discussing the increased financial “span of control” now residing in accounts payable. One financial area that is seeping into accounts payable is cash management as it is affected by various department initiatives, including e-invoicing, p-cards, electronic payments, and payment timing.

Close Snippet | Read Article
August 1, 2003 (Full PDF Issue)
In This Issue:

A/P Cash Management Best Practices to Increase Corporate Profitability.
5 Ways to Say Good-bye to the Traditional 3-Way Match . . . and All Its Inherent Inefficiencies.
Savvy Pro Reveals How Companies Can Use the Sarbanes-Oxley Act to Tighten A/P Controls.
Expert Advice on Becoming a Player in the e-Invoicing Game.
Real-Life Solutions to Delicate Cell Phone & Personal Call Issues.
Accounts Payable Miscellany.
Accounts Payable Calendar.
Accounts Payable Managers’ Forum.

Close Snippet | Read Article

Managing Accounts Payable Archives

2009
02/
03/
04/
05/
06/
07/
08/
09/
10/
11/
12/

2008
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan

2007
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

2006
Mar
Feb
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

2005
Jan
Feb
Mar
Apr
May
Jun
Aug
Jul
Sep
Oct
Nov
Dec
Jan

2004
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

2003
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

2002
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

2001
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Nov
Dec

2000
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

1999
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec

1998
Dec